| Balance Sheet for Caledonia Mining Corp. (CALVF) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 77 | 1,075 | 925 | 5,392 | 3,244 | | Marketable Securities | - | - | - | - | - | | Receivables | 2,078 | 1,208 | 660 | 263 | 138 | | Inventories | 2,099 | 4,925 | 77 | 423 | 67 | | Other Current Assets | 167 | 270 | - | - | - | | Total Current Assets | 4,438 | 7,531 | 1,947 | 6,235 | 3,550 | | | Gross Fixed Assets | 15,067 | 20,526 | 19,007 | 14,721 | 12,507 | | Accumulated Depreciation | (1,335) | (1,123) | (1,813) | (1,298) | (1,109) | | Net Fixed Assets | 13,732 | 19,403 | 17,194 | 13,423 | 11,398 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 11,525 | 68 | 68 | 66 | 61 | | Total Non-Current Assets | 25,257 | 19,471 | 17,262 | 13,489 | 11,459 | | Total Assets | 29,695 | 27,002 | 19,208 | 19,723 | 15,010 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 2,762 | 5,064 | 2,057 | 885 | 613 | | Short Term Debt | 13 | - | 169 | - | - | | Other Current Liabilities | 1,598 | - | - | - | - | | Total Current Liabilities | 4,373 | 5,064 | 2,226 | 885 | 613 | | | Long Term Debt | - | - | - | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 1,061 | 1,048 | 324 | 353 | 487 | | Minority Interest | - | - | - | - | 571 | | Total Non-Current Liabilities | 1,061 | 1,048 | 324 | 353 | 1,058 | | Total Liabilities | 5,434 | 6,112 | 2,550 | 1,238 | 1,671 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 24,261 | 20,890 | 16,658 | 18,486 | 13,338 | | Total Equity | 24,261 | 20,890 | 16,658 | 18,486 | 13,338 | | Total Liabilities & Stock Equity | 29,695 | 27,002 | 19,208 | 19,724 | 15,009 | | | |
